Latest news with #Seabridge
Yahoo
3 days ago
- Business
- Yahoo
Seabridge Gold Reports Achievements in Safety, Diversity, and Environmental Stewardship
Releases 2024 Sustainability Report Toronto, Ontario--(Newsfile Corp. - June 9, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") has released its 2024 Sustainability Report, underscoring the Company's ongoing commitment to responsible exploration and development practices, community engagement, and environmental stewardship. The full report is here. Safety Excellence In 2024, Seabridge achieved its best safety performance in Company history. Total reported incident frequency was 0.50, well below the 2.0 target set by management. This accomplishment reflects our dedication to fostering a positive safety culture and implementation of comprehensive safety practices introduced in 2023. Diversity and Inclusion Seabridge continues to develop a diverse and inclusive culture starting with our Board of Directors and moving throughout the organization. At the board level, 36% of directors are women and several board committees are chaired by women. Additionally, female representation in the Seabridge organization has risen to 53%, demonstrating our commitment to fostering an inclusive and diverse workplace. Environmental Stewardship and Indigenous Engagement Seabridge remains at the forefront of environmental stewardship and Indigenous engagement. We work diligently to be an industry leader in forming genuine working partnerships with First Nations and voluntarily rehabilitating the negative environmental impacts of legacy mining at our projects. A robust analysis of the Company's carbon footprint has been formulated as a foundation for future steps toward achieving sustainability objectives. Community Investment In 2024, Seabridge continued its support for local communities. We invested in various community development projects, focusing on our traditional priorities of education, health, and infrastructure. Notably, Seabridge supported the Dr. R.E.M. Lee Foundation to establish a Tier 3 Neonatal Intensive Care Unit at Mills Memorial Hospital in Terrace, British Columbia. This facility provides critical care to mothers and pre-term babies, enabling families to stay closer to their loved ones during challenging births. Looking Ahead Seabridge remains dedicated to advancing sustainable exploration and development practices and creating lasting value for its stakeholders. We continue to assess and address our climate and nature-related risks and opportunities, aiming to be a trusted and valued member of the communities in which we operate. For more information, please visit About Seabridge Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal assets, the KSM project, and its Iskut project located in British Columbia, Canada's "Golden Triangle", the Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD"Rudi Fronk"Chairman and C.E.O. For further information please contact:Rudi P. Fronk, Chairman and (416) 367-9292 • Fax: (416) 367-2711Email: info@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
29-05-2025
- Business
- Associated Press
Seabridge Files Responses to Petitions Challenging KSM's Substantially Started Designation
Toronto, Ontario--(Newsfile Corp. - May 29, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ('Seabridge' or the 'Company') reported today it has filed its responses in BC Supreme Court to petitions challenging the Environmental Assessment Office's ('EAO') decision granting Seabridge Gold's KSM project Substantially Started ('SS') Designation. On July 29, 2024, the EAO determined that Seabridge's KSM project had been substantially started, ensuring that the project's Environmental Assessment Certificate is no longer subject to expiry. Our submissions further strengthen and broaden the Responses that had been filed by the BC Government in late April 2025, detailing the extent of our engagement with the petitioners in support of our SS application and the previously granted Provincial, Federal, and Nisga'a environmental approvals. Seabridge's extensive engagement with the TSKLH and the funding support we have provided to the TSKLH (one of the petitioners) was initiated in 2007 and has continued to be available ever since, including during the period of review of our application for an SS determination. The TSKLH have been included in all reviews of Seabridge's regulatory applications and participated to the extent they decided warranted, with funding support, contrary to their assertions. Our responses also support BC's position on why granting the SS Designation was not unreasonable. The Petitions, the Responses from Seabridge and the BC Government and our related news releases can be found here. The parties have scheduled the period from September 22 to September 29, 2025 for the court hearing. Seabridge CEO Rudi Fronk stated 'our team's engagement and work in support of advancing KSM has been exemplary, especially while striving to achieve the SS determination. I am confident that our Responses, and those of the BC Government, provide strong support that the EAO's decision to grant the SS Designation was indeed procedurally fair and not unreasonable. Resolving this issue will facilitate the next steps in project development beyond this year's extensive work schedule. While this legal process continues, the SS Designation remains in effect.' About Seabridge Gold Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's 'Golden Triangle', the Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit the Company's website at ON BEHALF OF THE BOARD 'Rudi Fronk' Chairman & C.E.O. For further information please contact: Rudi P. Fronk, Chairman and C.E.O. Tel: (416) 367-9292 • Fax: (416) 367-2711 Email: [email protected] To view the source version of this press release, please visit
Yahoo
13-05-2025
- Business
- Yahoo
Seabridge Gold Files First Quarter Financial Statements and MD&A
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Interim Financial Statements and Management's Discussion and Analysis for the three-month period ended March 31, 2025 on SEDAR+ ( These statements are also available on Seabridge's website at Seabridge's Q1 2025 Report to Shareholders can be found here. Recent Highlights Secures US$100 million in new financings including US$20 million from a strategic investor 2025 field programs underway at KSM Issues 2024 report card and 2025 corporate objectives BC Government files responses to petitions challenging KSM's substantially started designation Fully funded exploration programs planned at Iskut and 3 Aces Gold price hits all-time high at US$3,500 per ounce Financial Results During the first quarter of 2025, Seabridge posted net earnings of $10.6 million ($0.11 per share) compared to a net loss of $8.2 million ($0.09 per share) for the same period in 2024. During the first quarter of 2025, Seabridge invested $14.3 million in mineral interests, property and equipment compared to $39.3 million invested in the first quarter of 2024. The working capital position increased by $110.9 million, from $37.8 million on December 31, 2024 to $148.7 million on March 31, 2025. Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the KSM and Iskut projects located in northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit Seabridge's website at None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD"Rudi Fronk" Chairman and C.E.O. For further information please contact:Rudi P. Fronk, Chairman and (416) 367-9292 • Fax: (416) 367-2711Email: info@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
28-03-2025
- Business
- Associated Press
Seabridge Gold's Appeal of Disallowed Expenditures under BC METC Program is 'Substantially Successful'
Court's Decision Should Also Apply to Seabridge Gold's Appeal of Disallowed Expenditures with Flow-Through Funds Raised in 2013-2015 Toronto, Ontario--(Newsfile Corp. - March 28, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ('Seabridge' or the 'Company') announced today that the British Columbia Supreme Court ('BCSC') has allowed its appeal of the Canada Revenue Agency's ('CRA') decision to disallow $15.8 million in exploration expenditures it claimed under the BC Mining Exploration Tax Credit ('BC METC') program. In her decision, Justice Maisonville concluded that expenses that assist in the determination of the economic viability of a mineral resource qualify under the BC METC program. As a result, all exploration expenditures claimed by Seabridge, other than report compilation expenses, were validly claimed by Seabridge. Approximately $3.1 million in refunds (plus interest) under the BC METC program were at issue. Seabridge was also awarded costs for its success in the appeal. The decision focused on the meaning of the definition of 'qualified mining exploration expenses' ('QMEE') under the BC METC program. At issue was whether the disallowed expenses fell within the purpose test in that definition, namely whether they were 'incurred for the purpose of determining the existence, location, extent or quality of a mineral resource in BC'. Justice Masonville concluded that 'expenses that assist in the determination of the economic viability of a mineral resource are captured under the 'quality' term of the purpose test'. Accordingly, expenses relating to determining a broad range of factors that inform whether a mineral resource can be extracted economically meet this purpose test. The expenses the court decided qualified for the BC METC program included open pit and block cave mine plans and engineering, geotechnical investigations and engineering, engineering relating to water, mine waste and tailings management, infrastructure design (including electrical), metallurgical testing, and process plant design. The only expenses that were not allowed were expenses relating to compiling and assessing the technical information supporting a pre-feasibility study into a report. The Company also renounced the same types of exploration expenditures to investors in flow-through share financings the Company completed in 2013 - 2015, claiming the expenditures qualified as 'Canadian exploration expenses' ('CEE') under the federal Income Tax Act. The CRA reassessed the Company and reduced the amounts renounced to investors by approximately $19.1 million on the basis that the expenses were not 'incurred for the purpose of determining the existence, location, extent or quality of a mineral resource'. The CRA then reassessed most of the flow-through share investors and rejected the deductions or credits they claimed associated with those disallowed expenditures. The Company has filed an objection to the CRA's reassessment of its renounced expenditures, and the reassessed investors have also filed objections to the CRA's reassessments of these renounced expenditures. The Company has deposited $9.4 million with CRA on behalf of the flow-through share investors. The Company's and the investors' objections are being held in abeyance pending this decision on the disallowed BC METC expenditures. The Company believes that the reasoning in Justice Maisonville's decision is directly applicable to these renounced expenditures and will be conferring with its counsel on how to resolve this second legal matter with the CRA in a timely way. Chairman and CEO Rudi Fronk said: 'I am very pleased with the BCSC decision validating Seabridge's claimed expenditures. It demonstrates that our approach to claiming expenses under BC METC and in respect of flow-through share subscriptions has been reasonable. This decision should not only result in funds being returned to the Company in respect of our BC METC claim but also should form the basis for a resolution of the flow-through share reassessments and result in the return of further funds.' Mr. Fronk added: 'I want to thank our counsel, Thorsteinssons LLP, who argued this case for us, as well as our flow-through investors for their patience and support of Seabridge in the related legal challenges.' Seabridge holds a 100% interest in several North American gold projects. Two of Seabridge's principal assets, the KSM project and its Iskut project, are located in British Columbia's 'Golden Triangle'. The Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD 'Rudi Fronk' Chairman and C.E.O. Rudi P. Fronk, Chairman and C.E.O.
Yahoo
28-03-2025
- Business
- Yahoo
Seabridge Gold Files 2024 Annual Information Form, Year End Audited Financial Statements and MD&A
Toronto, Ontario--(Newsfile Corp. - March 27, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Annual Information Form, Audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2024 on SEDAR ( These documents are also available on the Company's website at Seabridge's Form 40-F will be filed shortly with the SEC on EDGAR ( The Company's Shareholders may, upon written request, receive a hard copy of the Company's complete 2024 audited consolidated financial statements free of charge. During the year ended December 31, 2024 Seabridge posted a net loss of $31.2 million ($0.35 per share) compared to a net loss of $29.3 million ($0.35 per share) for the previous 12-month period. During 2024, on a cash basis, Seabridge invested $106.3 million in mineral interests, property and equipment compared to $230.2 million in 2023. At December 31, 2024, net working capital was $37.8 million compared to $54.5 million at December 31, 2023. Chairman and CEO Rudi Fronk said: "2024 was a year of important accomplishments including the Substantially Started Determination from the BC government, discovery of a large system of gold and copper mineralization on the Company's Iskut project and engagement with leading global miners on the KSM partnership opportunity. Our number one corporate objective for 2025 is to secure a partner for KSM that possesses the technical, financial and social skills to advance the project to a production decision." In February 2025, Seabridge strengthened its balance sheet by completing two equity financings for gross proceeds of $142.5 million (US$100 million) consisting of a bought-deal financing of 6,540,000 common shares at US$12.25 per share plus, plus a private placement on the same terms with a strategic investor of 1,640,000 common shares, all at US$12.25 per share. Net proceeds from these financings will be used by the Company to make the payments to BC Hydro contracted for completion of the KSM switching station; complete a program to collect all remaining anticipated field data for, and undertake early value engineering to support, a KSM bankable feasibility study; respond to data requirements from the joint venture process; fund other costs associated with ongoing activities at the Company's 100%-owned KSM gold-copper project in northeast British Columbia, Canada; and for general corporate purposes. Seabridge holds a 100% interest in several North American gold projects. Two of Seabridge's principal assets, the KSM project and its Iskut project, are located in British Columbia's "Golden Triangle". The Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD"Rudi Fronk"Chairman and C.E.O. For further information please contact:Rudi P. Fronk, Chairman and (416) 367-9292 • Fax: (416) 367-2711Email: info@ To view the source version of this press release, please visit
